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Nzoner's Game Room>Investing megathread extravaganza
DaFace 11:23 AM 06-27-2016
A place to talk about investing stuff.
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scho63 12:51 PM 05-21-2021
This market has been in a complete slow moving rotation since Jan/Feb.

Out of growth, high tech and speculative and into stuff like Caterpillar, Phillip Morris, Kraft, Exxon Mobil, Boeing, etc.

The old school boring shit has had a great last 6 months.
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Rain Man 02:59 PM 05-21-2021
Originally Posted by lewdog:
Yes. Any taxable income for the year and as long as you don’t make more than $140k/year.
Eh, I think it has to be earned income.
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lewdog 03:11 PM 05-21-2021
Originally Posted by Rain Man:
Eh, I think it has to be earned income.
God dammit you’re right. I’ll update my post. That’s what I get posting at work.
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MTG#10 03:57 PM 05-21-2021
Refinanced my mortgage today through UWM. Not sure why I waited so long but figured I'd help the cause since I own so many shares. Knocked 8 years off my loan and my monthly payment dropped $50. 2.875%, not as good as some I've seen but better than what I was paying.
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Hog's Gone Fishin 03:59 PM 05-21-2021
Originally Posted by MTG#10:
Refinanced my mortgage today through UWM. Not sure why I waited so long but figured I'd help the cause since I own so many shares. Knocked 8 years off my loan and my monthly payment dropped $50. 2.875%, not as good as some I've seen but better than what I was paying.
That's awesome. Congrats! :-)
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ChiliConCarnage 04:46 PM 05-21-2021
Originally Posted by Buehler445:
Not that I'm disagreeing, but where are you reading that there is a lot of liquidity tied up in checking and savings accounts? My wife doesn't seem to have trouble finding places to dump my cash. :-)

If the velocity of money were to improve that would definitely help.
https://www.businessinsider.com/stim...reserve-2021-4

Look at the Fed personal savings chart. Pretty crazy.

https://fred.stlouisfed.org/series/PSAVERT
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lewdog 04:51 PM 05-21-2021
Originally Posted by MTG#10:
Refinanced my mortgage today through UWM. Not sure why I waited so long but figured I'd help the cause since I own so many shares. Knocked 8 years off my loan and my monthly payment dropped $50. 2.875%, not as good as some I've seen but better than what I was paying.
Nice man!

I used them earlier this year to refinance and it was super smooth and quick.
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Buehler445 07:37 PM 05-21-2021
Originally Posted by Rain Man:
Eh, I think it has to be earned income.
It does. But surely he has some earned income, right?

Originally Posted by ChiliConCarnage:
https://www.businessinsider.com/stim...reserve-2021-4

Look at the Fed personal savings chart. Pretty crazy.

https://fred.stlouisfed.org/series/PSAVERT
That’s wild. Great stuff. This is literally the first I’ve heard anyone talking about it. Thanks.

The unfortunate thing is that without a government shut down and fear mongering most of that money would have went to business. Probably local business because big business didn’t shut down.
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neech 07:47 PM 05-21-2021
Originally Posted by MTG#10:
Refinanced my mortgage today through UWM. Not sure why I waited so long but figured I'd help the cause since I own so many shares. Knocked 8 years off my loan and my monthly payment dropped $50. 2.875%, not as good as some I've seen but better than what I was paying.
If you had told them you were a major shareholder in their company they would’ve lit you a cigar, poured you a glass of the finest brandy and treated you like a big shot. You missed your chance.

I’ve told people about refinancing and to take advantage of it some people just will not do it. I never understood that.
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MTG#10 07:50 PM 05-21-2021
Originally Posted by neech:
If you had told them you were a major shareholder in their company they would’ve lit you a cigar, poured you a glass of the finest brandy and treated you like a big shot. You missed your chance.

I’ve told people about refinancing and to take advantage of it some people just will not do it. I never understood that.
I actually did tell the girl, she just said "Oh that's wonderful thank you so much!" and went back to business.

Guess a measley 1000 shares wouldn't be considered "major" though.

:-)
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neech 07:52 PM 05-21-2021
Originally Posted by MTG#10:
I actually did tell the girl, she just said "Oh that's wonderful thank you so much!" and went back to business.

Guess a measley 1000 shares wouldn't be considered "major" though.

:-)
Maybe they were out of cigars and fine brandy.
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Rain Man 09:04 PM 05-21-2021
Originally Posted by Buehler445:
It does. But surely he has some earned income, right?
My impression is that he was talking about after retirement. I don't think being a gigolo to widows is technically earned income.
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MTG#10 07:11 PM 05-23-2021
I haven't been able to stomach SNL for years, but watched last night because the most beautiful woman in the world was hosting...anyone catch the last skit making fun of AMC at the end? Pretty random, almost seems like shorts are not only paying people to spread FUD online but now SNL. I'm half-joking on that last part.
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lewdog 09:52 AM 05-24-2021
Let’s fucking go bitches!
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neech 02:52 PM 05-24-2021
A nice day for stocks.
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